We are hereby informed your that the Rates of TDS to be implemented on the Payments made by you in the Financial Year 2011-12 (Assessment Year 2012-13) as per Income Tax Department prescribed with the help of this table one will feel very easy to deduct TDS correctly, which will be With effect from 1-4-2010. The deductee shall furnish his PAN (Permanent Account Number) to deductor, failing which tax at the below rates of TDS or at the rate of 20% whichever is higher shall be deducted at source. Where PAN provided to the deductor is invalid or does not belong to the deductee, it shall be deemed that deductee has not furnish his PAN to the deductor and higher rate of TDS as mentioned below shall be applicable.

No surcharge, education cess and secondary and higher education cess is leviable for the financial year 2010-11 onwards for TDS purposes in case of payment to resident. But in respect of TDS on salary, cess will be leviable.